Biophotonics: Strategic Market And Tech Overview
| Report Metric |
Details |
| Base year considered |
2024 |
| Forecast period considered |
2025-2030 |
| Base year market size |
$62.6 billion |
| Market size forecast |
$113.1 billion |
| Growth rate |
CAGR of 10.6% from 2025 to 2030 |
| Segments covered |
Application, Technique, End Use and Region |
| Regions covered |
North America, Europe, Asia-Pacific and the Rest of the World (Latin America and the Middle East and Africa) |
| Countries covered |
U.S., Canada, Germany, U.K., France, Japan, China and India |
| Market drivers |
|
Interesting facts:
-
In vitro biophotonics accounted for 72% of the biophotonics market in 2024 because of the rising need for early disease detection, better optical imaging technologies, and increased use of personalized medicine.
North America accounted for 52.8% of the biophotonics market in 2024 thanks to its strong technical infrastructure, sizable investments in research, and demand from healthcare, life sciences, and biotech industries. Growth was also boosted by partnerships and innovations from leading companies Thermo Fisher Scientific, Danaher Corp., and Hamamatsu Photonics.
Combining biophotonics with nanotechnology has led to major improvements in ultra-sensitive diagnostic tools and targeted treatments. This has made disease diagnosis more accurate and helped create personalized treatment plans that improve patient outcomes.
Emerging startups
-
Lithium Lasers
DYSIS Medical Inc.
Sascan Meditech Pvt Ltd
The report addresses the following questions:
What is the projected size and growth rate of the market?- The market is projected to reach $113.1 billion by the end of 2030, growing at a CAGR of 10.6% during the forecast period.
Which factors are driving the growth of the market?
- The key factors driving the market include the growing prevalence of chronic diseases, rising demand for non-invasive diagnostics, and advances in optical technologies.
Which market segments are covered in the report?
- The four market segments covered are application, technique, end use and region.
Which end-use segment w ill be dominant through 2030?
- The medical diagnostics end-use segment is expected to dominate the market through 2030, driven by the increasing demand for non-invasive and real-time diagnostic techniques, advancements in optical imaging technologies, and the rising prevalence of chronic diseases such as cancer and cardiovascular disorders.
Which region has the largest market share?
- North America holds the largest share of the global market, due to its advanced technical infrastructure, sizable R&D investments, and demand from sectors such as healthcare, life sciences, and biotech.
Market leaders include:
-
BECTON DICKINSON
BIOPHOTONICS DIAGNOSTICS GMBH
EXCELITAS TECHNOLOGIES CORP.
GLENBROOK TECHNOLOGIES
HAMAMATSU PHOTONICS K.K.
IDEX
IPG PHOTONICS CORP.
ISMO BIOPHOTONICS PVT. LTD.
LUMA BIOPHOTONICS
OLYMPUS CORP.
OXFORD INSTRUMENTS
OZ OPTICS LTD.
THERMO FISHER SCIENTIFIC INC.
TOPTICA PHOTONICS AG
ZEISS
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